3rd November 2015 - Important Current Affairs updates

Pakistan has banned media coverage of militant groups like Jamaat-ud-Dawa, JuD, run by 2008 Mumbai terror attacks mastermind Hafiz Saeed, as part of a crackdown on terror enforced under UN restrictions.

PEMRA issued a notification to all satellite TV channels and radio stations, banning the coverage of Lashkar-e-Taiba (LeT), Jamaat-ud-Dawa (JuD) and Falah-e-Insaniat Foundation (FIF) under United Nations restrictions.

PEMRA - Pakistan Electronic Media Regulatory Authority

National Affairs

In a major setback for many women across the country, the Supreme Court has said that a

Daughter's right to ancestral property does not arise if the father died before the amendment to Hindu law came into force in 2005.

The apex court held that amended provisions of the Hindu Succession (Amendment) Act, 2005, do not have retrospective effect.

The father would have to be alive on 9th of September, 2005, if the daughter were to become a co-sharer with her male siblings.

Rating agency Moody's Investors Service revised its outlook on India's banking system to "stable" from "negative" on Monday, saying an improving economy would help temper problem-loans on banks' books.

Moody's, however, cautioned that any recovery in asset quality would be gradual given the high debt levels in Indian companies.

Anil Ambani owned Reliance Communications is merging the telecom business of Sistema Shyam Teleservices (SSTL) with itself in a cashless deal worth around Rs 4,500-5,000 that will lead to the first major consolidation in the intensely competitive sector since 2009.

Sports

Mercedes driver Nico Rosberg (Germany) has won the 2015 Mexican Gand Prix title of Formula One (F1) by beating Lewis Hamilton.

Roger Federer has won 2015 Swiss Indoors Basel Title (Tennis) in men’s single category.